The argument between whether socialism or capitalism is better has been a long-standing debate within the economic community for years. In the article, Capitalism or Socialism? Another Two-Pole Solutions from the “Journal of Global Economics”, Paul Cusack suggests that the best option is somewhere in the middle. He uses the two-pole technique to understand what the best amount of government spending is within an economy. The two-pole technique is a mathematical way of comparing two contrasting ideologies. In this case the two ideologies, capitalism and socialism, are on either side of the political spectrum, but are comprised of economic concepts. The issue of government spending is a classic economic conflict, which is taught in all introductory
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In gives rise to the Social Contract -I won’t disturb you and you won’t disturb me and we all get ahead together. We won’t go into that here, considering many western democracies actually do the opposite; they transfer wealth from the poor to the rich.”. (Cusack, 2017).
This commentary within his introduction does not provide support to the paragraph. This is interesting information which pertains to his overall topic but it seems to become a tangent from Cusack’s main point. It should have been placed more strategically. He also has a few errors in his writing such as when he states that governments transfer wealth from the poor to the rich twice instead of saying the reciprocal, which he meant to in his first sentence. Although Cusack has a poor writing style, he still conveys the information is an understandable way, even though it could have been better organized. In conclusion, Cusack’s article is an important retelling of a current topic of debate within the economic community. The amount of spending the government chooses to implement directly effects every individual within the country. Economic policy about government spending has deep repercussions for the entire country and can have long term effects. Cusack’s article gives a fresh perspective on government spending and may have deep implications for the Canadian
In gives rise to the Social Contract -I won’t disturb you and you won’t disturb me and we all get ahead together. We won’t go into that here, considering many western democracies actually do the opposite; they transfer wealth from the poor to the rich.”. (Cusack, 2017).
This commentary within his introduction does not provide support to the paragraph. This is interesting information which pertains to his overall topic but it seems to become a tangent from Cusack’s main point. It should have been placed more strategically. He also has a few errors in his writing such as when he states that governments transfer wealth from the poor to the rich twice instead of saying the reciprocal, which he meant to in his first sentence. Although Cusack has a poor writing style, he still conveys the information is an understandable way, even though it could have been better organized. In conclusion, Cusack’s article is an important retelling of a current topic of debate within the economic community. The amount of spending the government chooses to implement directly effects every individual within the country. Economic policy about government spending has deep repercussions for the entire country and can have long term effects. Cusack’s article gives a fresh perspective on government spending and may have deep implications for the Canadian